I’m seriously considering taking part in the Stanbic UG IPO.

The info I’ve gleaned so far:

The issue price is Ushs 70 (Kshs 2.85)
Total of 1,023,773,394 shares (20% of the total) available to the public

Opening of the Offer: 10.00 on 24th November 2006
Closing of the Offer: 17.00 on 22nd December 2006
Announcement of results of offer and basis of allocations: 16th January 2007
Share certificates and any refund monies available for collection: 19th January 2007
Date of listing and commencement of trading on the USE: 25th January 2007

Price Earnings Ratio: 10.19
Dividend Yield at Offer Price: 7.81%

I think it’s a good buy.

Apart from Dyer and Blair, I haven’t found any other broker in kenya who can facilitate this. So I might as well open my fourth broker account.